2020 looks to be a good year for the corn and soybean markets, CattleFax market analyst Mike Murphy told attendees at the 2020 National Cattlemen’s Beef Association (NCBA) convention in San Antonio. 

The emerging strength of a La Nina weather pattern along the Western coast of North America portends some difficult growing conditions for 2020, according to CattleFax meteorological analyst Art Douglas.

All signs point to a U.S. beef cow inventory that has plateaued, said CattleFax market analyst Kevin Good at the National Cattlemen’s Beef Association convention in San Antonio – ending one of the most aggressive herd expansions on record.

Seeing a younger audience of cattle producers before him at the National Cattlemen’s Beef Association convention in San Antonio, Randy Blach offered a brief history lesson on today’s industry versus that of the 1980s.

CattleFax CEO Randy Blach informed attendees at the CattleFax outlook seminar at the National Cattlemen’s Beef Association’s annual convention in New Orleans on Jan. 31 that the U.S. cattle industry is nearing a peak in production and profit in the cattle market cycle.

El Nino conditions have left much of central Brazil dry, along with the Southern Plains in the U.S. and most of Australia. Weather expert Art Douglas told attendees at the annual outlook seminar at NCBA’s annual convention in New Orleans on Jan. 31 that El Nino conditions will most likely continue though summer and into fall, but will bring some relief for drought in the U.S. and a possible, but not probable, increase in moisture for Brazil. Australia will most likely have to wait until fall for the drought to end.